Analysis of Gold for June 14, 2018

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Recently, the Gold has been trading upwards. As I expected, the price tested the level of $1,305.07. According to the H1 time frame, I found broken bullish flag in the background, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities on the pullback. The upward targets are set at the price of $1,313.80 and at the price of $1,325.00.

Resistance levels:

R1: $1,306.65

R2: $1,310.15

R3: $1,315.90

Support levels:

S1: $1,297.45

S2: $1,291.95

S3: $1,288.75

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company – www.instaforex.com